APN re-signs Kyle and Jackie O

Company News

by Jessica Ellerm

APN News & Media (ASX:APN) has announced it has re-signed its KIIS 1065 FM breakfast team Kyle & Jackie O on new 5-year contracts.
To date in 2016 the radio duo have been unbeaten in radio ratings, holding the #1FM breakfast show spot all year. 
APN has indicated the success of Kyle & Jackie O has been reflected in revenue and earnings growth for the radio network over the past three years.
CEO Ciaran Davis has indicated there was significant risk to loss of revenue had the duo not re-signed.
APN News & Media reported a net loss of $4.4 million at 31 December 2015.

Jessica Ellerm

Finance News Network
Jessica joined FNN in April 2016 and presents the Australian Share Market Outlook, and reports on the morning's leading business stories. Alongside FNN Jessica is a fintech industry commentator, writing for her own blog and a number of international online publications.